Speaker 1: Hello, and welcome to another episode of the Markmas Show
Speaker 1: where we talk about the decentralized Revolution. We talk about
Speaker 1: the way the world is changing as the pendulum swings
Speaker 1: from centralization to decentralization, of course, and we look at
Speaker 1: it through the lens of politics, finance, and technology, which
Speaker 1: are the drivers of changing the world. Of course, the
Speaker 1: technology being bitcoin and the decentralized technology, the crypto, the cryptocurrency,
Speaker 1: the cryptography and those types of tools. Now, um, we
Speaker 1: got a big show today because there is a lot
Speaker 1: of things going on. I want to tackle a big
Speaker 1: subject that is affecting everybody. It's affecting everybody in ways
Speaker 1: they see, but it's also affecting everybody in ways they
Speaker 1: don't see. This is the single most important issue for
Speaker 1: your life, the quality of your life. Um, meaning um,
Speaker 1: you know, the quality of life really comes down to, uh,
Speaker 1: your purchasing power, your ability to get goods and services right.
Speaker 1: So if prices get way too expensive and you can't
Speaker 1: buy the things you've used to been buying instead of
Speaker 1: having steak you have to now eat spam for example,
Speaker 1: the quality of your life went down. Or if you're
Speaker 1: not able to get the goods and services that you want. Right,
Speaker 1: your flights are not running on time, or the stuff
Speaker 1: is not being delivered to the store. Right, those are
Speaker 1: things that bring down the quality of your life. I
Speaker 1: say it over and over, but you don't want money.
Speaker 1: What do you mean, Mark, of course we want money. No,
Speaker 1: you don't. You want the things money buys you. And
Speaker 1: money in your bank is there as a placeholder until
Speaker 1: you're ready to get those things that you want. So
Speaker 1: if you can't get those things that you want, either
Speaker 1: because you can't afford them or to they're not available,
Speaker 1: the quality of your life goes down. Now there's other factors,
Speaker 1: of course, right, like unhappiness and violence and relationships and whatever,
Speaker 1: but we're not going to dive into all that today.
Speaker 1: We're gonna talk about the single most important driver when
Speaker 1: it comes to quality of life, at least in regards
Speaker 1: to your purchasing power getting goods and services things like them,
Speaker 1: UM and And of course we're gonna tie all the
Speaker 1: way back. And part of part of this is UM
Speaker 1: not just because it affects your life in ways that
Speaker 1: you probably don't even see, in invisible ways, but it
Speaker 1: has massive impact. But it's also reshaping the world. And
Speaker 1: there's more than we're gonna cover today, but it's part
Speaker 1: of my big thesis about how the world is going
Speaker 1: to break apart. We're in a unipolar world. We're moving
Speaker 1: to a multipolar world. We're seeing this being exaggerated today
Speaker 1: with you know, Russia and China and Ukraine and a
Speaker 1: new monetary system being created in the bricks nations, in
Speaker 1: the new l b m A, the new London, uh,
Speaker 1: you know, gold market competition, um, you know, shifting to
Speaker 1: other currencies, the bond markets, breaking that sovereign default's like,
Speaker 1: we're seeing all this happen, um, And what we're gonna
Speaker 1: talk about today is actually one of the top couple
Speaker 1: of catalysts that are going to continue to push the
Speaker 1: world apart. It's more than we can cover today, but
Speaker 1: you're gonna you're gonna see that. We're gonna frame it up.
Speaker 1: But I want to talk about it where it's really
Speaker 1: hitting you today. And of course that's in the pocketbook
Speaker 1: and you may not fully understand this, so um, it
Speaker 1: sounds super simple at first, but we're gonna dive in
Speaker 1: deep so you can understand it like we always do. UM,
Speaker 1: so you can understand all the way down at what
Speaker 1: I call first principles or not not I call it.
Speaker 1: That's what it's called first principles, down to the base layer,
Speaker 1: because if you can understand it here, then you can
Speaker 1: start to formulate your own ideas off of it. And um,
Speaker 1: I like to say that almost everything you've learned is
Speaker 1: wrong because they don't teach you what it is you
Speaker 1: really need to know. The media is gaslighting you. It's
Speaker 1: a form of economic I'm not sorry, not economic psychological
Speaker 1: warfare against you. What you see is not really what
Speaker 1: you see. They're lying to you. We're all living a lie.
Speaker 1: We're living a lie more than we ever have before,
Speaker 1: which is why people are rising up and and hungering
Speaker 1: for thirst and third, I'm sorry, hungering and thirsting for truth.
Speaker 1: And we're seeing this super evident just three times in
Speaker 1: the last We talked about it last week, but the
Speaker 1: new PM in Italy Maloney and the speech that she gave,
Speaker 1: and she talked about how fires would be drawn to
Speaker 1: to to proclaim that two plus two weekals for swords
Speaker 1: would be drawn to proclaim that leaves turn green, and
Speaker 1: so that's for truth. President Bukeley and El Salvador put
Speaker 1: this big op ed piece out this week saying it's
Speaker 1: a war on truth. Putin in his big speech he
Speaker 1: gave last week, said it's a war on truth. So
Speaker 1: as as as there is war on truth, we want hunger.
Speaker 1: Are we hunger for for truth? And and let's break
Speaker 1: this down because you are being gas lit. So anyway,
Speaker 1: let's jump into this. So it sounds super simple at first,
Speaker 1: but gas prices, let's start their gas prices. Gas prices
Speaker 1: hit or gas prices break the price they set the
Speaker 1: record price they set in June of this year in Juno.
Speaker 1: So gas prices since Biden was elected in November, um
Speaker 1: in November, when he took office in January, they have
Speaker 1: just continued to escalate. Boom boom, boom, boom boom. I've
Speaker 1: talked about the six sense of the I'm not gonna
Speaker 1: go back all the way through the data. You know.
Speaker 1: Of course, the Biden administration wants to blame this on Putin,
Speaker 1: Putin's war. They call it as a matter of fact,
Speaker 1: I'm gonna I'm gonna come back to this, but a
Speaker 1: quote from Press Secretary Jean Pierre said Putin's war. So
Speaker 1: they're blaming it on Putin's war. But as we've talked
Speaker 1: about extensively. I'm not gonna go back into the data,
Speaker 1: but the price of gas started going up astronomically the
Speaker 1: day he was elected. It started up even faster after
Speaker 1: he took office, and it has continued to accelerate. Um,
Speaker 1: sure it's accelerated some, it's accelerated some since the war started,
Speaker 1: but it really started long before that. The majority of
Speaker 1: the move up started before that. So anyway, gas price
Speaker 1: at record high set in June. Now, if you remember, um,
Speaker 1: there was all these stickers. I don't know if you've
Speaker 1: seen them. There's like stickers on the gas pump. But
Speaker 1: of the of Biden said, I did that right, because
Speaker 1: of course he attacked the energy industry. We're gonna get
Speaker 1: more into that in a minute. But then, uh, you know,
Speaker 1: they said that this was mean and how dare these
Speaker 1: people put these stickers on the gas pumps, saying Biden
Speaker 1: did it? But then he went and took credit for
Speaker 1: the prices come back down. But let's take in this
Speaker 1: for a minute. So I don't know where you're at
Speaker 1: in the country or the world of what your gas
Speaker 1: prices are. Um, in California, they are through the roof.
Speaker 1: As a matter of fact, they hit a record high
Speaker 1: of sixty six in Los Angeles. However, some places in
Speaker 1: Los Angeles or almost eight dollars and fifty cents per gallon,
Speaker 1: eight fifty six per gallon. Now, I know, my wife
Speaker 1: was out in Texas earlier in the week and she
Speaker 1: filled up the car for about just a little over
Speaker 1: three dollars per gallon. It's a pretty big swing from
Speaker 1: three dollars to eight fifty per gallon. Pretty big deal. Um, So,
Speaker 1: I don't know where you're at. But however, wherever you're at,
Speaker 1: they're at. They're at a they're at a record. The
Speaker 1: average price has written risen thirty one consecutive days, going
Speaker 1: up a dollar in twenty two cents. It's a big increase.
Speaker 1: Says that gasoline prices have risen in California over the
Speaker 1: past several weeks despite a gradual decline across the nation
Speaker 1: due to several unique factors, including problems at local refineries.
Speaker 1: California has already paid the highest gas prices in the
Speaker 1: nation due to environmental regulations and taxes, but the number
Speaker 1: of refineries uh and limited to the number of refineries
Speaker 1: thanks to the same regulations. So why are gas prices
Speaker 1: so high in California. It's the government. It's the taxes
Speaker 1: that they levy on them. California is the highest taxes
Speaker 1: on gas anywhere in the nation. And because of the requirements,
Speaker 1: Californias can't use regular gas like the rest of the nation.
Speaker 1: We have to use special gas and it requires extra
Speaker 1: work to produce, extra costs, and and because of that,
Speaker 1: you have to take the oil and it goes through
Speaker 1: a refiner. With refinery it turns the oil into gasoline
Speaker 1: because obviously we can't put oil in our gas inc
Speaker 1: uh and and it has to be turned into gasoline
Speaker 1: through refineries. But California has been shutting down refineries. We
Speaker 1: have less refineries, less less, less, less less, and now
Speaker 1: we only have a few refineries left and turns out
Speaker 1: once in a while, you know, one's got to be
Speaker 1: serviced and things like that. Situations happened where it declines
Speaker 1: its output. And we're very, very susceptible because we've lost
Speaker 1: most of our refineries. Why because of the regulations. So
Speaker 1: that's why gas crisis are so high. It's always the government. Um,
Speaker 1: the free market could figure that out. Um. What Biden did,
Speaker 1: what he said, he took credit for We've talked about
Speaker 1: this before. Was he has been releasing the strategic petroleum reserves.
Speaker 1: That's our oil reserves. So the United States after the seventies,
Speaker 1: we had this uh huge oil crisis um where you
Speaker 1: could only get gas on like odd and even number
Speaker 1: days based off of what your license plate was. UM.
Speaker 1: Massive inflation caused this. And because after that, coming out
Speaker 1: of the end of the eighties, we thought maybe it'd
Speaker 1: be good to like have a stockpile just in case
Speaker 1: we have this. So we'll talk about that more in
Speaker 1: a minute. Were gonna talk about the things that just happened.
Speaker 1: And really the war that the Federal Reserve is waging
Speaker 1: on your retirement account and your real estate and every
Speaker 1: other asset is a war that they can't win. And
Speaker 1: of course, yes, it all comes back to the oil.
Speaker 1: So if you care about your retirement acount, if you
Speaker 1: care about your real estate, if you care about your biitcoin, uh,
Speaker 1: then you care about what the Feds doing with the oil.
Speaker 1: So I'm gonna break all this down as a big show.
Speaker 1: Hopefully I can get through it all. I'm wanna talk
Speaker 1: really quick, do not miss it. I'm gonna take a break,
Speaker 1: I'll be back in a minute. All right, welcome back.
Speaker 1: You are listening to the Mark mo Show. We're talking
Speaker 1: about the decentralized revolution, of course each and every week,
Speaker 1: and we're talking about it today. We're talking about it
Speaker 1: in a little granular detail, but I'm gonna expand on it,
Speaker 1: so you're gonna really understand how it's affecting things today,
Speaker 1: how it's affecting you at the pump, but how it's
Speaker 1: really exaggerating or really the catalyst for continuing to break
Speaker 1: this world apart into this decentralized world that I'm talking about.
Speaker 1: It's my thesis. So we're talking about gas prices record high,
Speaker 1: broke their June record. Um Biden took credit for bringing
Speaker 1: the prices back down. How did he do that? Well,
Speaker 1: he was dumping our strategic petroleum reserves sprs, and so
Speaker 1: I was saying, how, um, we had this massive energy
Speaker 1: crisis in the seventies. Uh, lines for hours. You can
Speaker 1: only get gas every couple of days. Lines stretched out
Speaker 1: for hours and hours and hours. Sometimes you'd wait in
Speaker 1: the line for hours. You couldn't even get gas when
Speaker 1: you got there. You can only get a little bit
Speaker 1: of gas, et cetera. It was a big problem. Massive
Speaker 1: inflation really hurt the economy. So in the eighties we said, well,
Speaker 1: let's let's get these reserves so that you know, we
Speaker 1: have savings, so like in case we have a shortage,
Speaker 1: like we have savings, which is like pretty good. And
Speaker 1: as a matter of fact, I recommend each of you
Speaker 1: have some savings in your bank account. If you don't
Speaker 1: work on it, cut back on your spending. Build up
Speaker 1: those savings because a storm is coming and you're probably
Speaker 1: gonna want to have a little bit of reserves. And
Speaker 1: that's exactly what the oil was. Now Biden wants to
Speaker 1: take credit for bringing down the gas prices, so he's
Speaker 1: been dumping our oil reserves. Our savings are rainy day fund.
Speaker 1: We're not in a rainy day. There's no storm coming,
Speaker 1: there's no emergency. But yeah, they've been dumping in his
Speaker 1: matter of fact, now the spr is at its lowest
Speaker 1: level since the eighties, which is when we started to
Speaker 1: accumulate them. So uh, it's as as we were filling
Speaker 1: those reserves were all the way back to there. Um
Speaker 1: when Trump was president, he wanted to top them off
Speaker 1: so they weren't a hunter percent fold. He wanted to
Speaker 1: top them off um. He had made a deal to
Speaker 1: buy oil for I think twenty twenty or twenty five
Speaker 1: dollars per barrel at that time. Um. And he was
Speaker 1: really trying to uh, this is coming out of the pandemic.
Speaker 1: Um And he was really trying to help the oil
Speaker 1: companies kind of get back on footing. And so he's like, hey,
Speaker 1: we'll just buy you know, we'll top them off at
Speaker 1: twenty bucks barrel. Well, Biden is now wanted to want
Speaker 1: to buy some some oil. We're gonna come back to
Speaker 1: this in a minute, but want to buy some oil
Speaker 1: from OPEC, which is the Middle East. Um An. He
Speaker 1: want to buy it for eighty dollars a barrel. Now,
Speaker 1: when Trump wanted to buy it, he was accused of
Speaker 1: of supporting big oil and how dare he support these
Speaker 1: big monopolies? Um? But now that was the twenty bucks.
Speaker 1: Biden wants to bide eighty bucks and instead give it
Speaker 1: to Saudi Arabia, who uh you know they're giving diplomatic
Speaker 1: community to killing a Washington Post reporter and uh all
Speaker 1: the other human crisis situations they have going on over there.
Speaker 1: So we'll give it, you know, how dare we support
Speaker 1: American business? The twenty bucks. Let's give it to OPEC
Speaker 1: Middle East the eighty bucks. Anyway, that's a whole different story.
Speaker 1: So anyway, Biden said, hey, you know, we brought these
Speaker 1: prices down. I did this. I took credit. Well, if
Speaker 1: he took credit for bringing it down, does he take
Speaker 1: credit for it going back up again and breaking the record.
Speaker 1: I'd like to know the answer to that question. Of
Speaker 1: course he won't. Of course he doesn't. And of course
Speaker 1: they have a story or I should say an excuse.
Speaker 1: I might even say a lie to cover it up.
Speaker 1: So as we always see the new White House Press secretary,
Speaker 1: UM who I am not a fan of Um. I
Speaker 1: was not a fan of the previous one. Jen Saki
Speaker 1: remember her. I'll circle back, I'll circle back. Oh yeah,
Speaker 1: I'll check that. I'll circle back, I'll circle back. She
Speaker 1: never had an answer for anybody. It was always all
Speaker 1: circle back, I'll circle back. She never had an answer
Speaker 1: compared to who was there before her, which was Trump's
Speaker 1: Press secretary, UM who was so sharp. I mean she
Speaker 1: had an answer for every single question. And if you
Speaker 1: remember doing the Trump administration, I mean in the in
Speaker 1: the in the press briefings, they would just get hammered
Speaker 1: with questions and she would just stand there and just
Speaker 1: handle everyone. Then jan Zachie came in and was like,
Speaker 1: I'll circle back. I'll circle back, I'll circle back. I
Speaker 1: never have information. Now we have Karrenan Jean Pierre, and
Speaker 1: she just straight lies. Um, maybe she doesn't lie. Maybe
Speaker 1: she's just reading the talking point they gave her. Maybe
Speaker 1: she doesn't know she's lying. Maybe we'll give her the
Speaker 1: benetth of the doubt. So she says, in regards to
Speaker 1: um the situation that's going on, she says, quote, it's
Speaker 1: clear that OPEC is aligning with Russia. It's Russia. It's
Speaker 1: all Russia's fault. It's clear OPEC aligning with Russia with
Speaker 1: today's announcement. We're dealing with a time where the global
Speaker 1: economy is responding to Putin's war. So by making this decision,
Speaker 1: it's going to have an effect on low and middle
Speaker 1: economic income countries. She said, Is that true? So we're
Speaker 1: gonna dig into this. I want to break this down
Speaker 1: for you a little bit. I want to show you
Speaker 1: what the Feds do into your retirement account and how
Speaker 1: this has something to do with oil. This is the
Speaker 1: battle of m hmm. Maybe not quite the battle of
Speaker 1: our lifetime, but it might be the biggest battle that
Speaker 1: we've seen. Probably there's bigger ones ahead of us, but
Speaker 1: this might be the biggest one we've seen. So um,
Speaker 1: it's clear it's OPEC. OPEC is doing it. What's OPEC
Speaker 1: doing I'm gonna talk about that in a second, But
Speaker 1: is it really? Is it really Opec? So? Um? Well, okay,
Speaker 1: let's talk about OPEC. So OPEC just announced that they
Speaker 1: are going to cut production. Look, this is super simple,
Speaker 1: super super super simple. Okay. Price is a h outcome
Speaker 1: of supply and demand. If I have more supply than
Speaker 1: I have demand for, then prices come down. If I
Speaker 1: have more demand than I have supply for it, prices
Speaker 1: go up. Super super simple. Look, an elementary kid can
Speaker 1: understand this. So if the demand for oil stays the
Speaker 1: same and we cut the supply, what happens, Oh yeah,
Speaker 1: the price goes up. If we increased supply, what happens?
Speaker 1: Oh yeah, price would go down? Super super simple. Right.
Speaker 1: So Biden and the Biden administration has been manipulating the
Speaker 1: oil markets by dumping the spr reserves and on top
Speaker 1: of that, through the futures market, and this, uh, what
Speaker 1: Putin's deemed the the economy of imaginary wealth. He's talking
Speaker 1: about the Fiat money system, Wall Street, all these derivatives,
Speaker 1: finance with the rivers, futures, contracts, and so um OPEC
Speaker 1: is saying, look, you guys are completely manipulating the market. Um,
Speaker 1: the market is completely separated from reality. In by dumping
Speaker 1: these reserves, by doing all this financial manipulation, you guys
Speaker 1: are messing with things. And so OPEC said, we're going
Speaker 1: to cut oil production by two million barrels per day
Speaker 1: to shore up the prices. What does that mean? To
Speaker 1: shore up the prices? To keep the prices up, That's
Speaker 1: what it means, shored up by keeping them up, So
Speaker 1: OPEC wants to keep the prices of oil up. So, Um,
Speaker 1: that's the problem. Gas prices go up, that's the problem.
Speaker 1: So what would be a better way to counter that?
Speaker 1: Maybe create more oil that might be a way to
Speaker 1: counter But no, no, no, no, that would be too simple.
Speaker 1: As a matter of fact. Um, just this week on
Speaker 1: October six, by the Biden administration wigs whether to shrink
Speaker 1: offshore drilling leases again, let's just cut more leases, Let's
Speaker 1: just cut more production. So at a time when press
Speaker 1: secretary says, quote OPEX aligning with Russia. Um, the economy
Speaker 1: is responding to Putin's war. So because OPEC wants to
Speaker 1: cut production, then that's an attack there. Now they're aligned
Speaker 1: with Russia, and instead of US trying to sank to
Speaker 1: counter that, we're going to cut more production. So are
Speaker 1: we also agents for Putin? If OPEC is going to
Speaker 1: drop production and that's aligned with with Russia, then if
Speaker 1: the US reduces production, does that mean the US is
Speaker 1: also a line of Russia against the US people. I mean,
Speaker 1: that's how logic would paint that. I'm certainly not saying that,
Speaker 1: but what she's saying makes it sound like that. Now,
Speaker 1: on top of that, we saw some other big news.
Speaker 1: The Biden administration issues the fewest oil and gas drilling
Speaker 1: leases since nineteen forties. Since so we've seen the fewest
Speaker 1: amount of new drilling leases since the nineteen forties. So again,
Speaker 1: if if OPEX reducing production and the US is reducing production,
Speaker 1: what does that mean? Anyway, I'm gonna talk more about this.
Speaker 1: I'm gonna talk more about how this is going to
Speaker 1: break up the world and more specfically, the attack on
Speaker 1: your retirement account and your wealth your real estate as well.
Speaker 1: I'll be back with that in moren a minute. You're
Speaker 1: listening to the markmas Show. Don't go away, I'll be
Speaker 1: right back. All right, welcome back. You are listening to
Speaker 1: the Mark Moa Show. We're talking about something that's hitting
Speaker 1: you in your pocketbook today as prices have broken their
Speaker 1: all time record set in June. But I'm breaking it
Speaker 1: down to what's happening. And of course we're drawing that
Speaker 1: all the way back to my thesis of the world
Speaker 1: breaking apart, moving into a decentralized world. So we'll talk
Speaker 1: about that, and I want to talk about how it
Speaker 1: affects not just how much you put not not not
Speaker 1: just how much it costs you to fill up your
Speaker 1: car to go to get a car to go to work,
Speaker 1: but what it what the real effect is on your wealth.
Speaker 1: And I don't just mean how much stake you can buy.
Speaker 1: I'm talking about your retirement account. I'm talking about your
Speaker 1: real estate, your house, I'm talking about all that. So
Speaker 1: this goes deep, but we have to kind of set
Speaker 1: it up and we'll build it up to it. So
Speaker 1: um Per, the White House Press Secretary um OPEC is
Speaker 1: aligning with Russia because they're cutting production. They're cutting production
Speaker 1: because they want their price to stay high. Look, if
Speaker 1: you sell a product, you want to sell it for
Speaker 1: a certain price, right, and if you overflood the market,
Speaker 1: you're gonna bring the price down. So why would you
Speaker 1: do that? Right? If it costs me, you know, a
Speaker 1: certain x amount of dollars to create this product, and
Speaker 1: I want to have a certain amount of profit, Um,
Speaker 1: and I have to give up. So in in their
Speaker 1: in their case, Um, they have oil in the ground. Um,
Speaker 1: there's a cost to get that oil out of the ground. Um.
Speaker 1: Why and then they want to make a certain amount
Speaker 1: of profit, so they want to sell it for whatever
Speaker 1: hunter bucks of barrel. Okay, why would they give the
Speaker 1: market more supply than it needs to bring the price
Speaker 1: down to fifty six bucks or whatever it may be.
Speaker 1: Why wouldn't they just keep the oil in the ground
Speaker 1: and just sell it a little slowly and keep that price,
Speaker 1: Which is exactly what they're doing now For the Press secretary, Um,
Speaker 1: they're aligning with Russia. That's an attack on Putin's war.
Speaker 1: That's not making the case. Well, then the US is
Speaker 1: also attacking. They're also aligned with Russia. Because the US
Speaker 1: is doing the same thing, as I made the case.
Speaker 1: This week, anounce announced I came about the Biden administration
Speaker 1: ways whether to shrink the offshore drilling leases. So they
Speaker 1: want to shrink more leases, let's get less oil out
Speaker 1: of the ground. That's this week, that's what they're talking about.
Speaker 1: On top of that, Uh, since the Biden administration issued
Speaker 1: the fewest oil and gas drilling leases since, restricting US
Speaker 1: companies from bringing more oil to the market. Sort of
Speaker 1: like what OPEC is doing the same thing. So you're
Speaker 1: being gas lit, you're being lied to. It's a form
Speaker 1: of psychological torture warfare against you. You don't understand the situation.
Speaker 1: You don't understand how big this really is. So let's
Speaker 1: keep going, all right. So, as I said, OPEC decided
Speaker 1: to cut production by two million barrels. That's kind of
Speaker 1: what triggered this. UM. And of course why wouldn't they
Speaker 1: write they want to keep the prices up a little bit.
Speaker 1: They need to make the money. Um. You know, in
Speaker 1: the US, it's like it's like it's great for the U.
Speaker 1: S economy, it's good for jobs, it's good for tax revenues. UM.
Speaker 1: We love to see American business do great. UM. But
Speaker 1: in the Middle East, it is their economy, it's everything.
Speaker 1: They need that money for all their social programs. They
Speaker 1: can't just afford to lose that money. In the US,
Speaker 1: it's like, you know, part of what we do, right,
Speaker 1: but in in Middle East, it's everything. Um, it's everything there. Now, UM,
Speaker 1: let's dig into this a little bit more so. Um,
Speaker 1: the Biden administration has been, you know, going back and
Speaker 1: forth on what it's going to do, kind of trying
Speaker 1: to see what was going to be happening with OPEC.
Speaker 1: So now this is like this tip for tap. This
Speaker 1: is a war, but the war is really being fought
Speaker 1: on a different level. I'm gonna break this down, but
Speaker 1: this this the surface level war is now. Um. Biden
Speaker 1: was like, well, maybe we won't keep maybe we won't
Speaker 1: continue to release the spr um if Opec, if you
Speaker 1: don't cut your production, we'll buy um from you, and
Speaker 1: we'll fill up our sprs as I was talking about
Speaker 1: earlier at eighty bucks a barrel. So don't don't cut,
Speaker 1: don't don't cut Opec, We'll buy it from you. Remember
Speaker 1: Trump was horrible because we wanted to prop up the
Speaker 1: US energy industry. Um. Now Biden is saying don't cut,
Speaker 1: and we'll prop up the Middle East countries at eighty
Speaker 1: bucks instead of twenty bucks. Just think about that. But
Speaker 1: um so now so now Biden's like, Okay, well, I
Speaker 1: guess if you're going to cut the oil production by
Speaker 1: two mills a day, then I guess we're back to
Speaker 1: releasing the sprs again that are already at their lowest
Speaker 1: levels since we first started filling them up. How much
Speaker 1: lower can they go? The answer is not that much lower.
Speaker 1: So what's going to happen? Well, most likely, um we
Speaker 1: have about another month before midterms. Most likely they won't
Speaker 1: care about gas prices after that, so probably see the
Speaker 1: or the SPR is going to run out. One or
Speaker 1: the other is going to happen all right before that.
Speaker 1: But um, let's dig in a little bit deeper, because
Speaker 1: there's actually something much deeper at play here. And this
Speaker 1: is what I want to get into. This is actually
Speaker 1: something much deeper at place. So what am I talking about?
Speaker 1: Let's get into the Federal Reserve. Let's talk about your
Speaker 1: retirement accounts, talk about your real estates, talk about your bitcoin,
Speaker 1: let's talk about your wealth. Let's talk about that. So
Speaker 1: there's something much much deeper going on. Like the real
Speaker 1: attacks on you, and it's not necessarily from the government,
Speaker 1: it's actually at this central bank level. So what am
Speaker 1: I talking about? So? Um, you know, if you tune
Speaker 1: in regularly, if you don't tune inter regularly, then then
Speaker 1: you should. So if you're listening on the radio nowhorries
Speaker 1: just you know, makes put a put a calendar reminder
Speaker 1: to join me every week on this channel at this time. Um,
Speaker 1: if you're listening to the podcast or whatever, fine, you
Speaker 1: can go back and listen to the old episodes of
Speaker 1: the podcast to get caught up. But the Federal Reserve
Speaker 1: is attacking you individually. What do I mean by that?
Speaker 1: They say that they are a h percent focused. They
Speaker 1: are committed on bringing down inflation. They say the prices
Speaker 1: of things are going too high. The price of gas
Speaker 1: is going to eye, the price of state, the price
Speaker 1: all these things are going too high, and they are
Speaker 1: committed to bring them down. Their goal is to percent inflation,
Speaker 1: and we're at over eight percent inflation. Their way above
Speaker 1: their target. So they're committed. They're trying to gain credibility.
Speaker 1: Look like, we know we've lost control, but we can
Speaker 1: get things back. Don't worry, don't worry. But remember, prices
Speaker 1: are an outcome of supply and demand. So if prices
Speaker 1: are going up, that means one of two things is happening.
Speaker 1: One there's too much demand for the products, or there's
Speaker 1: not enough supply, or gonna be a combination of both. Right,
Speaker 1: so the Federal Reserve is going to bring prices down.
Speaker 1: But how how are they going to bring prices down? Well,
Speaker 1: they could add more supply, or they could reduce demand.
Speaker 1: And of course the Federal Reserve can't print more oil,
Speaker 1: or more food or more clothes. They can't print that.
Speaker 1: So since they can't add more supply, what can they do.
Speaker 1: They can crush the demand. And of course they've said,
Speaker 1: so I've talked about this extensively over the last couple
Speaker 1: of months. They are going to crush demand. They want
Speaker 1: to bring your stock, your retirement accounts down, they want
Speaker 1: your real estate to drop him down, and even worse
Speaker 1: than that, they want your wages to go down. Your
Speaker 1: wages going up is a big, big problem for them,
Speaker 1: and they've said, so, this is not a conspiracy. They've said,
Speaker 1: so go back and listen to my old shows, because
Speaker 1: what happens is when unemployment is very low, employers will
Speaker 1: have to compete for employees. Right. Hey, I'm an employer.
Speaker 1: I'm trying to hire. I have these jobs open. Uh,
Speaker 1: there's not a lot of candidates. The employment markets very low,
Speaker 1: So I'm gonna have to give more money or more
Speaker 1: options or more benefits to entice people to come. But
Speaker 1: the fact that I have to pay my new employees
Speaker 1: more money means that I'm gonna have to raise my prices,
Speaker 1: and that goes exactly against what the Fodder Reserve wants.
Speaker 1: They need prices to come down. They cannot have your
Speaker 1: wages going up. Your interests of making more money and
Speaker 1: having a better quality of life is in direct conflict
Speaker 1: to what the Federal Reserve wants. Your retirement account going
Speaker 1: up or even holding its value is in direct conflict
Speaker 1: to what the Federal Reserve wants. The Federal Reserve needs
Speaker 1: to bring down prices. There. They said they're committed to
Speaker 1: sticking with it with what crushing demand until the job
Speaker 1: is done, until what job, until inflation is backed down.
Speaker 1: So the only thing they do is crush demand. But
Speaker 1: here's the thing, it's not really a demand problem. It's
Speaker 1: a supply problem that we have. It's not a demand problem,
Speaker 1: meaning it's not that there's way too many people buying
Speaker 1: too many things. I'm not driving any more than I
Speaker 1: used to. I'm not flying any more than I used to.
Speaker 1: Probably you aren't either. It's not demand problem, it's a
Speaker 1: supply problem. We don't have enough supply. Why don't we
Speaker 1: have enough supply? Well, it goes back to what I said.
Speaker 1: Biden's released the least amount of leases since the nineteen forties.
Speaker 1: It's an all out attack on this. So you have
Speaker 1: a supply problem. But the FED is attacking a demand
Speaker 1: side problem. They're fighting the wrong war. And now OPEC
Speaker 1: has taken the fight back to the FED. All right,
Speaker 1: Now we're witness in a war between the FED NOPEC.
Speaker 1: Then this is where it gets so interesting. You don't
Speaker 1: want to miss this. It has a lot to do
Speaker 1: with what is going to happen with your future retirement accounts.
Speaker 1: Um here listening to the markmas Show. I'll be back
Speaker 1: with all of this and more in a minute. You
Speaker 1: don't want to miss it, so don't go away. I'll
Speaker 1: be your back. All right, welcome back. You are listening
Speaker 1: to the Mark Maas Show. We talk about the decentralized
Speaker 1: revolution each and every week, we talk about the way
Speaker 1: the world is swinging from centralization back to decentralization, do
Speaker 1: the lens of politics, finance, and technology, technology of course
Speaker 1: being bitcoin, which is going to revolutionize the world. But
Speaker 1: today we're talking more specifically about the financial side, and yes,
Speaker 1: even kind of the political side. So, um, the Federal
Speaker 1: Reserve is attacking the supply side, I'm sorry, the demand side.
Speaker 1: They want to make you pour so you buy less. Right.
Speaker 1: The Fed has mandates full employment, stable prices, of which
Speaker 1: we certainly don't have stable prices, right, But the problem
Speaker 1: is their mandate does not make sure that there's a
Speaker 1: global energy production. And remember, I'm making the case that
Speaker 1: the problem with prices going so high is not that
Speaker 1: we have too many people buying gas or buying oil.
Speaker 1: That's part of it, but we have we don't have
Speaker 1: enough supply because the USS shut down production, because Venezuela
Speaker 1: fell off, because the rush of the grain war, because opex,
Speaker 1: all of these factors. It's a supply side thing. Now, look,
Speaker 1: when it comes to inflation, we're talking about prices going up.
Speaker 1: There's maybe bad inflation, maybe there's like some good inflation,
Speaker 1: but like bad inflation is caused by elevated energy prices.
Speaker 1: Now you don't maybe don't understand this, but when oil
Speaker 1: prices go up, everything goes up. Everything. Your shoes, your tires,
Speaker 1: your clothes, your your cell phone, those cannot be made
Speaker 1: without oil. Petrochemicals, your detergents, your cleaners, those can't be
Speaker 1: made without oil. They can't be the the components, the
Speaker 1: commanderies can be brought out of the ground without oil.
Speaker 1: They can't be transported to to to a process in
Speaker 1: the center without oil. They can't be sailed on a
Speaker 1: ship across to China without oil. They can't be delivered
Speaker 1: back to America for assembly without oil. They can't be
Speaker 1: taken to the store you eventually buy that without oil.
Speaker 1: You can't go to the store and buy without oil,
Speaker 1: or Amazon can't deliver without Like, when oil goes up,
Speaker 1: everything in the world goes up, period everything, and it
Speaker 1: goes up exponentially because of how much oil is used
Speaker 1: just for the one part that you're getting. So when
Speaker 1: energy prices get elevated, everything goes up, all right, But
Speaker 1: when energy prices got so high to a hundred dollars,
Speaker 1: it pushed the price of the things so up the
Speaker 1: FED had to act. Will shoot, now, we've got to
Speaker 1: bring prices back down. But like I said, the problem
Speaker 1: is the way to reduce the price of oil is
Speaker 1: to produce more of it or consume less of it.
Speaker 1: Produce more or consume less. Now you would think the
Speaker 1: Federal Reserve and the President, the administration, all their buddies,
Speaker 1: all those other things that are aggressively intervening in the
Speaker 1: market would try to do You think they'd understand this,
Speaker 1: I guess right. But instead of trying to finance production,
Speaker 1: incentivize production, um, they shut it down and nobody wants
Speaker 1: to invest more into it when there's constant threats of
Speaker 1: excessive profits, you know, tax on profits, carbon taxes, um, nationalization,
Speaker 1: price caps. These are all the things the governments threatening. Hey,
Speaker 1: we're gonna fix the price. We're gonna tax your excess profits. Right, um,
Speaker 1: potentially we're gonna take you over. So who's going to
Speaker 1: invest in the environment. The answer is nobody, right, So
Speaker 1: the FED has been forced to um basically try to
Speaker 1: attack the energy consumption. So here's what we can do.
Speaker 1: How could we how could we reduce energy consumption? Well,
Speaker 1: what we could do is we can create a global depression.
Speaker 1: That's what we could do. So what we'll do is
Speaker 1: we'll just keep raising rates, which is going to push
Speaker 1: all of this pressure onto emerging markets. So now we're
Speaker 1: seeing small nations, the Sri Lanka's, the Lebanons, the Turkeys,
Speaker 1: the Perus, the Equadors, they're all going bust. India now
Speaker 1: we're seeing and move up to higher. Now now Germany, um,
Speaker 1: we're seeing and move higher higher, the UK, they're all
Speaker 1: going bust. So if we create this massive global depression,
Speaker 1: then everyone will be so poor and so broke that
Speaker 1: they just can't buy oil. That that's to do the trick, right,
Speaker 1: that will work. What about closing the wealth gap? What
Speaker 1: about income inequality? What about you know, inclusive economics, what
Speaker 1: about that? Forget all those poor people, let's just make
Speaker 1: them much more portant. Now, the rich are still gonna
Speaker 1: fly around on their private jets because if if gas
Speaker 1: goes up a couple of bucks a gollon like, who cares, Right,
Speaker 1: they're rich, they've got these private jets. What about the
Speaker 1: poor people around the world. We destroy the finances of
Speaker 1: the entire world's poor people and they'll just consume less oil.
Speaker 1: What a genius plan. Now the FED has been doing
Speaker 1: this creating a global economic crisis to reduce global energy consumption.
Speaker 1: And it did a little bit right, we saw the
Speaker 1: price of oil back down. But the problem is is
Speaker 1: that most global citizens they don't actually want a lower
Speaker 1: standard of living. Who would have thought. They still, you know,
Speaker 1: want their standard of living to be the same as
Speaker 1: do us consumers. I do. I still want steak, I
Speaker 1: still want to drive my car, I still want to
Speaker 1: buy a plane ticket. I don't want my life, my
Speaker 1: my quality of living going down. Now. Like I said,
Speaker 1: the Biding administration has been releasing the spr to improve
Speaker 1: their polling numbers, but it's the FED that's really trying
Speaker 1: to attack the standard of living. And basically OPEC says,
Speaker 1: wait a minute, you're trying to crush the global economy
Speaker 1: so that no one buys our product. That's what you're doing.
Speaker 1: So you're basically attacking us by wiping out our clients.
Speaker 1: So OPEC's like, okay, well, let's um, we'll counter that.
Speaker 1: We'll we'll we'll see your war, we'll raise you. So
Speaker 1: we'll just cut production. How's that? Now? No one knows
Speaker 1: how far this will go, how deep these cuts will be.
Speaker 1: They started at a hundred thousand barrels per day. But
Speaker 1: we don't know how far this will go. Uh, it doesn't.
Speaker 1: It doesn't really matter how large they are. The message
Speaker 1: has been clear. Now the shot has been fired across
Speaker 1: the bow. The FED can go ahead and crash the
Speaker 1: global GDP as much as they want in the fight
Speaker 1: against oil. But OPEC they wield a bigger sword. They
Speaker 1: have a larger stick. They'll just cut production. So you
Speaker 1: go ahead, you crush demand to bring prices down, and
Speaker 1: we'll just cut. We'll just cut supply. So you bring
Speaker 1: demand down, we'll bring supply down. And guess what, the
Speaker 1: prices stay the same. Good luck, good luck. So you
Speaker 1: make everybody poor and you don't to achieve anything. You
Speaker 1: wreck your own country. You destroy the lives, the pensions,
Speaker 1: the retirements of all these people. So what oil is
Speaker 1: still the same? As a matter of fact, will make
Speaker 1: oil even more expensive because we're just gonna cut production
Speaker 1: even more. The FED is completely trapped. Oil is gonna
Speaker 1: go higher and the FED is powerless to contain it.
Speaker 1: All right, now, these are the battle lines. That's that's
Speaker 1: a battle. It's a war now. The FED, unfortunately, the FED,
Speaker 1: the Biden administration. Do you think they'd be smarter, but
Speaker 1: they seem to be the last ones to realize anything
Speaker 1: when it comes to economics, so they probably haven't really
Speaker 1: internalized what OPEC just told them. They don't really understand
Speaker 1: this yet. Obviously the Biden administration doesn't per Jean Pierre's
Speaker 1: press release. But guess what the stock market understands it.
Speaker 1: The stock market understands it very well. That's why prices
Speaker 1: are going up a bitcoin. Gold golden bitcoin are going up.
Speaker 1: Why because they know that the FED will have no
Speaker 1: choice but to pivot. They are not pivoting there. They
Speaker 1: are continuing to stay on a tightening path because they're
Speaker 1: trying to bring prices down. But once they realize that, look,
Speaker 1: we don't have the room. We can't do this. It's
Speaker 1: not gonna work as a war we can't win, they'll
Speaker 1: have no choice but to pivot. Which is why again
Speaker 1: golden price are sniffing this out. Now, if if the
Speaker 1: Biden administration the FED really wanted to bring prices down,
Speaker 1: they can't. They can't fight ope because OPEC can just
Speaker 1: keep cut in production. What they could do is they
Speaker 1: could say, well, here's what we're gonna do. We're going
Speaker 1: to increase our supply. That's what we'll do. So OPEC
Speaker 1: go ahead, you cut if you want, cut as much
Speaker 1: as you want. Great, turn it all off. We don't
Speaker 1: even care because guess what, the US is the largest
Speaker 1: producer of oil in the world. Shut it off. We'll
Speaker 1: supply the United States and we'll supply the world. Good luck.
Speaker 1: That's how we could win. You want to bring you want?
Speaker 1: Does the FED? Does the bid administration want to bring
Speaker 1: um oil back down to fifty bucks of barrel? Turn
Speaker 1: it back on, man, turn it on. That's the leverage
Speaker 1: we have. Otherwise, Yeah, we can continue trying to crush
Speaker 1: the GDP of every nation in the world. We can
Speaker 1: make you poor. We can still you know, take away
Speaker 1: your retirement accounts, in your stock acounts. We can crush
Speaker 1: the value of your home by s, so you you'll
Speaker 1: be poor and won't be able to buy anything. But
Speaker 1: we don't control the supply. Open that now, we could
Speaker 1: control the supply. We should control the supply. And that's
Speaker 1: really where it's at now. Uh, that's a big problem
Speaker 1: and it's going to continue to break apart the world.
Speaker 1: Why because there's really only three regions in the world
Speaker 1: where most of the oil comes from Russia, the Middle East,
Speaker 1: in the United States, and as we continue to fight
Speaker 1: over energy, the world will continue to break apart more
Speaker 1: and more and more. But in my opinion, eventually reality
Speaker 1: is going to prevail. I hope anyway. I'm hopeful UH,
Speaker 1: and I think at some point people will realize, shoot,
Speaker 1: we actually need oil to live. We literally cannot have
Speaker 1: any quality of life without oil, and so I think
Speaker 1: they'll figure that out. At some point, the Fed's gonna
Speaker 1: pivot and UH price is going up. It's gonna be
Speaker 1: our problem, not going down. Anyway. You're listening to the
Speaker 1: Markma Show. Thanks so much for listening. Hopefully this makes sense,
Speaker 1: Hopefully it helps your direction. Um, and that's what I
Speaker 1: got for today. Thanks for listening.